Shenzhen Human Resource and Social Insurance Bureau had announced the Provisions of Shenzhen Medical Insurance on December 2, 2013, the new policies shall be implemented from January 1, 2014. The changes or adjustment are as follows:
1. Change the name of Integrated Medical Insurance, Hospital Medical Insurance, Off-farm Workers Medical Insurance to the First Grade, Second Grade and Third Grade Basic Medical Insurance.
2. First Grade Basic Medical Insurance: the contribution rate for the Local Supplementary Medical Insurance to be paid by the employer is adjusted from 0.5% to 0.2%.
3. The Third Grade of Basic Medical Insurance: besides the current basic medical insurance, local supplementary medical insurance shall be contributed too. Currently, the amount is fixed, RMB8 contributed by employers and RMB4 by employees, which shall be adjusted to contribute by percentage. The basic value is the local average monthly salary of the previous year (e.g. RMB4, 918 for the first half of year of 2014) and the contribution rate is 0.45% and 0.1% for employers and employees respectively. Take the average monthly salary of the first half of year of 2014 as an example; the total amount contributed each month is RMB27.02, with RMB22.13 contributed by employer and RMB4.92 by employee.
4. The adjustment details are as below:
|Type of Social Insurance||Before the adjustment||After the adjustment||Payment Base|
|Basic Medical Insurance||6.0%||2%||6.0%||2%||It cannot be higher than 300% of last year’s average salary of Shenzhen employees. But it also cannot be less than 60% of last year’s average salary of Shenzhen employees.|
|Local Supplementary Medical Insurance||0.5%||0.2%|
|Basic Medical Insurance||0.5%||0.2%||0.5%||0.2%||It is based on the last year’s average salary of Shenzhen employees.|
|Local Supplementary Medical Insurance||0.1%||0.1%|
|Basic Medical Insurance||RMB8||RMB4||0.4%||0.1%||It is based on the last year’s average salary of Shenzhen employees.|
|Local Supplementary Medical Insurance||0.05%|